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Regime: Risk-off, driven by rising real yields as 10Y TIPS push above 2% and oil climbs to $105, pressuring equities. Today’s market themes: Real-yield repricing and inflation fears weighing on risk assets. Geopolitical tensions in Middle East adding to oil supply concerns. Watch for signs of USD/JPY intervention as pair tests…
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Where we are: The Dollar Index (DXY) is currently trading around 118.05, marginally higher after oscillating in a tight range overnight. Key technical levels to watch are 117.80 as support and 118.30 as resistance. The DXY remains near levels last seen in early May but is struggling to gain significant traction…
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Where we are: S&P 500 futures are currently trading around 5285, down roughly 0.5% from Friday’s close. The overnight range has been relatively tight, but the downside bias is evident, reflecting concerns about rising yields and energy prices. We’re seeing some profit-taking after last week’s gains, particularly after the late pullback…
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Where we are: Gold is trading around $4,545, modestly above the overnight low, but still under pressure after last week’s nearly 4% decline. The yellow metal remains below key resistance at $4,560 and is struggling to gain traction ahead of the US open. The range has been relatively tight so far…
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Where we are: EUR/USD is currently trading around 1.1595, testing the lower end of its recent range. Overnight, the pair traded between 1.1585 and 1.1620. This level sits slightly below Friday’s New York close near 1.1610, signaling ongoing bearish pressure. A break below 1.1580 could open the door for further declines.…
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Where we are: Nasdaq 100 futures are currently trading around 18,250, extending losses from last week’s pullback. The index is holding above the overnight low of 18,200 but remains well below Friday’s NY close of 18,350. This recent weakness follows a period of record highs, suggesting some profit-taking and a shift…
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Where we are: GBP/USD is currently trading around 1.2585, testing the lower end of its recent range. Cable has traded in a tight overnight range of 1.2570-1.2610, and remains below Friday’s New York close of 1.2630. The pair is struggling to gain traction as political uncertainty and the potential for a…
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Where we are: USD/JPY is currently trading around 158.90, having tested the 159.00 level overnight. This marks a continued grind higher, with the pair pushing towards the intervention zone around 160.00. The overnight range has been relatively contained, and the current level is slightly above Friday’s New York close. What’s driving…
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Where we are: Dow futures are currently trading around 39,850, slipping further into the red after an overnight range of 39,980-40,120. This puts the Dow on track to open lower than Friday’s New York close, continuing the late-week pullback. Resistance sits at 40,200, while initial support lies around 39,700. What’s driving…
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Where we are: USDCAD is trading at 1.3690, consolidating within a narrow range after a muted overnight session. The pair is hovering near the upper end of its recent range, still unable to decisively break above the 1.37 level. This is slightly weaker than Friday’s NY close, suggesting some mild profit-taking…
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Where we are: BTCUSD is currently trading around $61,500, modestly lower on the session. Overnight range was relatively contained, between $61,000 and $62,000. This level sits slightly below Friday’s New York close, suggesting some early softness ahead of the US open. Key support remains around $60,000, with resistance building near $63,000.…
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Where we are: The FTSE 100 is trading flat around 8,420 in early London trading, contained within a narrow 20-point overnight range. This is slightly below Friday’s New York close of 8,430, with initial support around 8,400 and resistance at 8,450. What’s driving it: The UK domestic picture is mixed. While…
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Snapshot: AUD/USD trades heavy near 0.7100, pressured by a hawkish RBA stance and crowded long positioning. Despite holding rates at 4.10% at their last meeting, Bullock’s comments that inflation progress remains ‘uneven’ keeps traders cautious and unwilling to aggressively price in cuts. The lack of a firm commitment to a cut…
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Snapshot: WTI crude futures are trading near $105 per barrel, after an earlier spike above $108. Geopolitical tensions in the Middle East are the primary driver, threatening potential supply disruptions. Watch for escalations around the Strait of Hormuz, which could send Oil sharply higher. A temporary waiver of US sanctions on…
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Snapshot: The Nikkei 225 closed down almost 1% overnight at 60,816, pressured by escalating Middle East tensions and spillover from Friday’s Wall Street selloff. The absence of fresh domestic catalysts leaves the index vulnerable to risk sentiment in the NY session. Watch for a break below 60,500 as an initial signal…
